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Nigeria’s Export Growth Impacts Foreign Trade Balance

30th March 2017
Nigeria’s Export Growth Impacts Foreign Trade Balance

Originally published on www.thisdaylive.com on March 5, 2017, by James Emejo in Abuja

“For the full year, however, total trade stood at N17.34 trillion or 6.47 per cent more than the N16.30 trillion recorded in 2015 and N23.67 trillion in 2014.”

Shipping to countries that include the Netherlands, India and the United States, Nigeria’s exports rose in Q4 2016, but dropped in total year over year from 2015. Imports dropped a bit in Q4 2016 but were up year over year, a direct reverse to the export situation. Find out more about Nigerian foreign trade.

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